Nov 29, 2012 4:00am PST
with mitt romney for a private lunch at the white house. and treasury secretary tim geithner will hold talks with congressional leaders about reducing the deficit while keeping the economy growing - a lot of input being gathered on how to resolve the inevitable. president obama met with his cabinet wednesday for the first time since his re-election. but otherwise, his schedule has been filled with business leaders and resolving the fiscal crisis sooner rather than later. "families need confidence to go out and spend going into christmas." tuesday, leaders from small business gave their views. "i said the more people have money in their pocket, the more they'll spend and we'll do better." "i suggested raising the minimum wage, tying it to an inflation index, and national leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter campaign - #my2k - to encourage americans to
Dec 5, 2012 4:00am PST
tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is being driven by investors p
Dec 4, 2012 4:00am PST
that if governor romney was in the white house that was a plus for coal stocks, and a negative if it was president obama? > > i think you saw that across the board in that sector, though i will say that wlt really started falling much before the election, much before november, and then just kind of an accelerated down to this $30 level. > we have been talking about china in the show today, and it turns out that yum! brands is actually kind of a china play out there. > > it really is. > what do you see in the charts for yum! brands? > > yum! brands is almost a bellwether or the benchmark for that sector in china. in fact, yum!, almost 50% of their revenues and profits come from china. they just lowered their guidance. just a few days ago they lowered their guidance going in for next year. is it just a slowdown for the macro china economy, or is it really just specific to yum!? we saw yum! really top out last week around that $72, $73 level, and it backed off almost 10%. it's trading around $67, which was somewhat of a support. it has tried to rally off that, but not with much success.